John Wood Group PLC (OTCMKTS:WDGJF) Sees Large Growth in Short Interest

John Wood Group PLC (OTCMKTS:WDGJF) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 447,800 shares, an increase of 183.4% from the January 15th total of 158,000 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 135.7 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. began coverage on John Wood Group in a research note on Thursday, October 17th. They issued an “overweight” rating for the company.

John Wood Group Price Performance

John Wood Group stock opened at $0.86 on Thursday. John Wood Group has a 1-year low of $0.61 and a 1-year high of $2.69. The firm’s 50 day simple moving average is $0.83 and its 200 day simple moving average is $1.29.

John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences.